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Company News

BRIEF-Kirkland Lake Gold Targets Higher Production, Improved Unit Costs In 2018 Guidance

Jan 17 (Reuters) - Kirkland Lake Gold Ltd:

* KIRKLAND LAKE GOLD TARGETS HIGHER PRODUCTION, IMPROVED UNIT COSTS IN 2018 GUIDANCE, ANNOUNCES NEW SHAFT PROJECT FOR MACASSA

* KIRKLAND LAKE GOLD LTD - EXPLORATION EXPENDITURES ESTIMATED AT $75 - $90 MILLION IN 2018

* KIRKLAND LAKE GOLD LTD - SEES 2018 PRODUCTION GROWTH TO OVER 620,000 OUNCES

* KIRKLAND LAKE GOLD LTD - OPERATING CASH COSTS FOR 2018 ARE ESTIMATED AT $260 - $270 MILLION

* KIRKLAND LAKE GOLD LTD - SUSTAINING CAPITAL EXPENDITURES IN 2018 ARE TARGETED AT $150 - $170 MILLION

* KIRKLAND LAKE GOLD LTD SEES 2018 GROWTH CAPITAL EXPENDITURES OF $85 TO $95 MILLION

* KIRKLAND LAKE GOLD LTD - SEES 2018 ALL-IN SUSTAINING COSTS (“AISC”) PER OUNCE SOLD TO AVERAGE $750 - $800 Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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